CBOT U.S. Weekly Soybean Export Update
Date 23/09/2003
Today's delayed weekly export sales of 21.7 million bu. and the USDA announcing 165,000 tonne sale of U.S. soybeans to China before the opening is likely to keep this market firm. With this year's export pace 33% above 2002 and 43% stronger than 5-yr average sales rate for this early date of marketing year, concerns about further tightening of the already small 2003-04 ending stocks of 135 million bu is mounting